Wedding suppliers may need to make check about tax liabilities, says HMRC
If someone has earned more than £1,000 from their side hustle in a tax year, they may need to complete a self-assessment tax return, HMRC said
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Summary
If someone has earned more than £1,000 from their side hustle in a tax year, they may need to complete a self-assessment tax return, HMRC said. The £1,000 threshold is a single allowance that covers side hustle income when combined – so someone earning smaller amounts which, when totalled up, are above this threshold could be liable. Get a free fractional share worth up to £100.
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If someone has earned more than £1,000 from their side hustle in a tax year, they may need to complete a self-assessment tax return, HMRC said
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The £1,000 threshold is a single allowance that covers side hustle income when combined – so someone earning smaller amounts which, when totalled up, are above this threshold could be liable.
according to The IndependentGet a free fractional share worth up to £100.
according to The Independent
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